This chapter outlines the idea of the multiversity and of the postmodern university, and describes their defining features. The chapter then further explores these concepts using three examples: the university community, university governance, and the role of the university within wider society. The chapter concludes with a discussion of the strengths and weaknesses of the multiversity and postmodern university, what they do and do not share in common, and what questions these competing (yet often very similar) visions of the university raise for our understanding of higher education institutions (HEIs) today.